Not at all, Bullet's GPU solver is not yet in release.
Did i mention Bullets? Even if i am wrong with Havok, since it has limited GPU support, however are going to have full on next-gen consoles.
Hmm, poorly expressed by me. What i mean is that AAA physic engines are moving towards GPU acceleration, which is state of the art. With the next-gen consoles, we would see that CPU based physics engine are being slowly thrown away, in favor of GPU based. Why create a CPU based physic engine, when we are missing a good and open-source GPU based physic engine, that are platform independent. Not that he is going to create a open-source engine, but you see what i mean. The question is what's the goal. Do you want to create an useful engine and push the market, or are you going to create an engine just for education(where parallel programming is a good start though).